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The Korea Herald

Markets

September 01, 2022
[Herald Design Forum 2022] EVs offers opportunity for car design innovation, says Ian Callum

Ian Callum, a British car designer who led design team of Jaguar Land Rover until recently, believes that electric vehicles open up more flexibility for designers. “Many electric cars still have a conventional look currently. But they don’t need to. Again, it is down to the designers to create t...
September 01, 2022
Korean economy suffers triple decline in July

SEJONG -- Korea posted a triple decline in industrial output, consumption and investments in July, amid ongoing negative factors such as spiraling raw material prices and a glitch in global supply, state data showed Wednesday. Consumption also decreased for the fifth consecutive month, which marke...
September 01, 2022
Industrial giants boast hydrogen tech at H2 Meet

The world’s largest exhibition exploring the potential of hydrogen in the field of mobility kicked off in Korea on Wednesday, bringing industrial giants from in and out of the country with their latest technological achievements. H2 Mobility Energy Environment Technology, or H2 Meet in short, is ...
September 01, 2022
Korea introduces 2 numbers in 1 phone service with eSIM

South Korea will begin embedded subscriber identity module, known as eSIM, services from Thursday, allowing Koreans to have two different numbers in one mobile device, the Ministry of Science and ICT said Wednesday. The eSIM service, an upgrade from the universal subscriber identity module, is bas...
September 01, 2022
Samsung’s connected home app to power 13 home appliance brands

Samsung Electronics' integrated home appliances solution SmartThings is poised to be applied to Samsung plus 12 other major white goods brands by the first half of 2023, the company said Wednesday. This comes as Samsung's SmartThings is to make consumer electronics goods and mobile apps interopera...
August 31, 2022
SK, Naver chiefs meet on metaverse cooperation

SK Group Chairman Chey Tae-won recently discussed metaverse cooperation with Naver CEO Choi Soo-yeon in bidding efforts to host the World Expo 2030 in Busan, according to industry sources Tuesday. Chey visited Naver’s recently built headquarters 1784 in Pangyo, Gyeonggi Province, to meet the IT g...
August 31, 2022
2023 budget includes support for soldiers, young parents

SEJONG -- The Cabinet on Tuesday approved the 2023 budget proposal worth 639 trillion won ($473 billion), which is aimed at securing the fiscal soundness and lowering the ratio of national debt to gross domestic product by minimizing state expenditure. Despite directions to refrain from conducting...
August 31, 2022
Scientists develop world's first Charcot-Marie-Tooth therapy

Researchers have developed the world’s first electroceutical technology that can be used to treat Charcot-Marie-Tooth disease, the Daegu Gyeongbuk Institute of Science and Technology said Tuesday. CMT disease is a group of inherited disorders that cause nerve damage. Its common symptoms are weakn...
August 31, 2022
LG Chem to expand CNT production on upbeat battery demand

South Korean chemical company LG Chem said Tuesday it was building its fourth carbon nanotube manufacturing plant to bolster its responsiveness to the rapidly growing demand globally, especially for electric vehicle batteries. Carbon nanotubes, widely called CNT, are considered a next-generation m...
August 31, 2022
Korean financial groups make aggressive expansion in Vietnam

South Korean banking groups have been picking up the pace of expansion in Vietnam, eyeing financial clout in one of the fastest growing Asian economies. Shinhan Financial Group, South Korea’s No.2 bank by total assets, is at the forefront of the movement. Its flagship commercial bank’s Vietnam s...
August 31, 2022
Pay gap among companies returns to pre-pandemic level: data

While the pay gap between large conglomerates and small- and medium-sized firms here may have been narrowing during the pandemic years, the disparity appears to have returned to the pre-pandemic level more recently, a report showed Tuesday. According to a report released by the Korea Chamber of Co...
August 31, 2022
SK’s investment arm to buy back shares worth W200b

SK Inc., the holding company of South Korea’s second-largest conglomerate SK Group, said it plans to buy back 200 billion won ($148 million) of its own shares, which is equivalent to some 1 percent of the market cap, the firm said Tuesday. The firm’s board of directors on Aug. 30 approved the sh...
August 31, 2022
BOK says no shift in policy despite hawkish US Fed

The Bank of Korea said Tuesday that it is not expecting a shift in its interest rate policy despite a hawkish US stance on inflation Federal Reserve Chairman Jerome Powell revealed over the weekend, as that was already factored in its decision-making process. At a three-day global symposium of cen...
August 31, 2022
Coupang to file law suit against NGO on false allegations

South Korean e-commerce giant Coupang said Tuesday it will take legal action against People’s Solidarity for Participatory Democracy, a local NGO, for spreading false information on the company’s audit report. The NGO said in a statement that Coupang is illegally aiding its subsidiary called CPL...
August 31, 2022
FSS chief stresses fair competition between fintech firms

South Korea’s top financial watchdog said Tuesday it is seeking to support fair competition between fintech firms like Naver and Kakao. “Our hope is that all these companies meeting with us today help to cultivate a fair and transparent environment,” Gov. Lee Bok-hyun of the Financial Superviso...

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Herald Corporation |CEO : Choi Jin-Young |Huam-ro 4-gil 10, Yongsan-gu, Seoul, Korea |Title : The Investor |Date of registration : 2016.06.21 |Date of issue : 2016.06.21
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